Trigent

SEPTEMBER 20, 2023

Usage-based insurance, often referred to as UBI, has shot to popularity due to its immense potential for insurers when it comes to customization and cost savings. In-car technologies and the surge in connected cars significantly contribute to the growing market size of usage-based insurance. percent between 2023 and 2032.

Insurance 52

Insurance Policies Technical Review Systems Review 52

Tenable

JULY 26, 2023

Cyber insurance has become a necessity, and the cost and effort to obtain it can be considerable. Still, your organization can boost its odds of landing the coverage it needs at a fair price that’s consistent with its risk profile. The reasons are varied. Increasingly customers require it from their vendors.

Insurance 52

Insurance How To Technical Review Analytics 52

Altexsoft

SEPTEMBER 27, 2020

Have you ever tried to check your insurance claim status? While some insurance carriers have made significant modifications courtesy of disruptive digitalization (we’ve already discussed this topic in our whitepaper), most companies trail behind. Insurants are not satisfied with their service providers.

Insurance 130

Insurance Machine Learning Artificial Inteligence Blockchain 130

Trigent

APRIL 23, 2021

As new technologies forge their way into diverse sectors, it comes as no surprise that the insurance sector is leveraging them for different reasons. Predictive analytics has found an important place in the insurance landscape for its ability to make data-based predictions. Understanding predictive analytics.

Analytics 86

Analytics Insurance Technical Review Media 86

CIO

MARCH 18, 2024

Every business in some form or another is looking to adopt and integrate emerging technologies—whether that’s artificial intelligence, hybrid cloud architectures, or advanced data analytics—to help achieve a competitive edge and reach key operational goals.

Disaster Recovery 263

Disaster Recovery Technical Review Systems Review Software Review 263

Cloudera

NOVEMBER 16, 2020

The insurance industry has a long and intimate relationship with fraud in many different ways. Insurance fraud can take place at a process or business function level, most notably in claims or underwriting. Finally, it can be opportunistic or deliberate and organized. This means Insurance fraud costs the average U.S.

Insurance 96

Insurance Data Machine Learning Artificial Inteligence 96

Perficient

SEPTEMBER 19, 2023

The world’s largest gathering of insurance innovation, InsureTech Connect (ITC) , is right around the corner. Following last year’s conference, Perficient Insurance Principal Brian Bell shared three key takeaways from the 2022 event: First, data and analytics investments still topped many insurers’ list of operational priorities.

Insurance 52

Insurance Artificial Inteligence Generative AI Conference 52

Perficient

DECEMBER 13, 2023

Digital organizations in both healthcare and health insurance are focused on enhancing value for their patients and members. Your digital products become a trusted source of patient and/or member feedback to the organization that fuels their strategies beyond digital. What does it mean to be truly product-driven?

Healthcare 52

Healthcare Organization Insurance Leadership 52

Perficient

APRIL 16, 2024

Health insurers today are facing a rapidly evolving landscape of complex expectations and requirements. IDC defines the IT Services segment as “Systems Integration organizations providing advisory, consulting, development, and implementation services.” We were included in the categories of IT Services and Interoperability.

Marketing 99

Marketing Healthcare Insurance Report 99

Cloudera

AUGUST 31, 2020

From leading banks, and insurance organizations to some of the largest telcos, manufacturers, retailers, healthcare and pharma, organizations across diverse verticals lead the way with real-time data and streaming analytics. The stories of organizations that have adopted streaming analytics speak for themselves.

Analytics 94

Analytics Airlines Off-The-Shelf Insurance 94

Datavail

APRIL 13, 2023

As an IT leader, you’re likely well aware of the importance of data and analytics in driving business success. The survey, which polled 150 IT leaders, found that the top challenges facing organizations when it comes to data and analytics are data quality and integration, as well as a lack of skilled personnel.

Survey 52

Survey Analytics Data Scalability 52

CIO

MAY 17, 2023

Although most organizations want to modernize their technology, enable new capabilities, and/or reduce their technical debt , any number of “Murphy’s Law” moments can defer those efforts. An older bank, grown through acquisition, with one custom-built system supporting its real estate business, while another supports its insurance business.

Strategy 237

Strategy Real Estate Data Insurance 237

Altexsoft

APRIL 13, 2021

The insurance industry is notoriously bad at customer experience. In the last few years, Chinese tech giants have been making massive strides at becoming the center of insurance innovation. To compete, insurance companies revolutionize the industry using AI, IoT, and big data. Not in China though. Why automate claims?

Machine Learning 87

Machine Learning Artificial Inteligence Insurance Technical Review 87

Trigent

MAY 21, 2021

According to a recent poll, 54% of CIOs believe that insurance companies are resilient and will continue to remain so if they move quickly and decisively. Although this is not big breaking news, we have all witnessed how insurers have evolved in the last few years, to meet the changing requirements of policyholders.

Insurance 52

Insurance Trends Industry Technical Review 52

CIO

FEBRUARY 16, 2024

For most organizations, a shift to the cloud brings scalability, access to innovative tools, and the possibility of cost savings. These HCM services include applicant tracking, compensation, talent, and learning management, as well as insurance and retirement services. An early partner of Amazon, the Roseburg, N.J.-based

Cloud 285

Cloud Generative AI AWS Azure 285

Cloudera

APRIL 7, 2021

Insurance carriers have a unique opportunity: They have access to powerful technologies and a wealth of information that can help them to better understand their customers and provide an enhanced customer experience. . In a March 2021 poll by Celent , “improving customer experience” was identified as the top focus (63%) for insurers.

Insurance 57

Insurance Analytics Exercises IoT 57

Perficient

DECEMBER 5, 2022

Cognos Analytics with Watson AI. Cognos Analytics, makes easy the discovering of related tables by highlighting the most important fields for you and then automatically create a relationship between tables. Do you wish to have insights of your business data and obtain predictions on future performance based on your data?

Analytics 64

Analytics Report Insurance Data 64

TechCrunch

APRIL 27, 2022

A similar theme has also been playing out in the enterprise world, where organizations have also grown their security and data protection profiles to help defend themselves against malicious activity. And companies like USAA face this every day, with a host of scammers impersonating organizations like these preying on unassuming users.)

Tools 196

Tools Machine Learning Artificial Inteligence Analytics 196

CIO

SEPTEMBER 29, 2022

New York-based insurance provider Travelers, with 30,000 employees and 2021 revenues of about $35 billion, is in the business of risk. s SVP and chief data & analytics officer, has a crowâ??s s unique about the [chief data officer] role is it sits at the cross-section of data, technology, and analytics,â??

Machine Learning 323

Machine Learning Artificial Inteligence Travel Technical Review 323

Datavail

SEPTEMBER 2, 2021

Moving data analytics to the cloud would be much simpler if it were a “lift and shift” process. Since that’s not possible when you’re moving analytics to the cloud, you need to be prepared for the challenges you’ll face. But, there are many players in the data analytics market. However, those challenges shouldn’t discourage you.

Analytics 89

Analytics Cloud Data Artificial Inteligence 89

Perficient

FEBRUARY 1, 2024

The analytics and opinion-polling firm Gallup has found a decline in Americans’ trust in many institutions and industries , and the healthcare and life sciences spaces are no different. This is a high mark compared to the 49% who reported trust in pharmaceutical organizations and the 81% who reported trust in their providers.

Organization 52

Organization Healthcare Pharmaceuticals Education 52

Tenable

SEPTEMBER 22, 2023

Insurance provider Coalition said in its “ 2023 Cyber Claims Report: Mid-year Update ” that cyber claims rose 12% in the first half of 2023 compared with the second half of 2022, a surge driven primarily by ransomware attacks. Other ransomware insights from the report include: The number of ransomware attacks in the U.S.

Insurance 71

Insurance Trends IoT Software Review 71

CIO

FEBRUARY 21, 2024

While it’s those outputs that get all of the attention, the real magic is happening behind the scenes where complex data organization and retrieval techniques are allowing these connections between disparate data points to be made. It is also the area where many technologists differ on the best approach.

Artificial Inteligence 162

Artificial Inteligence Generative AI Insurance Artificial Intelligence 162

TechCrunch

NOVEMBER 4, 2021

Today, a startup that has built a real-time behavioral analytics tool is announcing funding as it sees demand for its services increase. Neuro-ID’s human analytics dashboard. The behavioral analytics also enables customers to see and use behavioral data to optimize existing AI/ML models. Image Credits: Neuro-ID.

Analytics 218

Analytics Fintech Banking Insurance 218

CIO

MARCH 27, 2023

Integration with cognitive intelligence (context-sensitive knowledge management, predictive analytics, and similar) will be key for doing so. Here’s an example of how this could work: A customer calls his car insurance company after being in a minor fender bender.

Examples 286

Examples Trends Weak Development Team Artificial Intelligence 286

CTOvision

APRIL 16, 2015

Like others in the insurance industry, XL has long relied heavily on data analysis to understand and price its products. In response, XL produces increasingly complex analytics, and demand for analytical insights progressively permeates the organization. Yet they must still make these decisions.”. XL is far from alone.

Analytics 97

Analytics Insurance Survey Analysis 97

Dataiku

JULY 26, 2021

The creation of the Net-Zero Alliance by 43 major banks including Société Générale, Citi, and Morgan Stanley and main insurance players including Aviva and Zurich insurance is yet another sign that the financial industry is getting organized to play its role in taking up the climate change challenge.

Analytics 111

Analytics Insurance .Net Banking 111

Coforge

AUGUST 27, 2020

* field--node--title--blog-post.html.twig x field--node--title.html.twig * field--node--blog-post.html.twig * field--title.html.twig * field--string.html.twig * field.html.twig --> Machine Learning: Unlocking the Next for Insurers. It has also seen significant success in building analytics capabilities over the past few years.

Artificial Inteligence 52

Artificial Inteligence Machine Learning Insurance Artificial Intelligence 52

CIO

MARCH 26, 2024

There’s absolutely an overarching trend we’re witnessing of organizations entering into more strategic partnership agreements to ensure access to critical talent and expertise,” says Greg Sarafin, global alliance and ecosystem leader at EY. But finding the niche, high-demand skills needed to drive specific projects can be challenging.

Technical Review 307

Technical Review Technical Advisors Development Team Review Artificial Inteligence 307

Trigent

APRIL 28, 2021

The insurance industry is still exploring ways to leverage its capabilities to their full potential, those who have managed to make inroads are already experiencing extraordinary benefits. Considering that insurance is now an integral part of our lives, the benefits received from RPA adoption are enjoyed by insurers and customers.

Insurance 52

Insurance Artificial Inteligence Policies Compliance 52

CIO

APRIL 18, 2024

Unless you’re a handful of organizations, the practical answer is that you should buy the platform. This leads to the spread of “accidental platforms” across the organization. In a large organization with thousands of developers and applications, teams don’t get the benefits of scale when they have a bunch of different platforms.

Cloud 233

Cloud Weak Development Team Infrastructure Applications 233

CIO

FEBRUARY 13, 2023

Fifty-two percent of organizations plan to increase or maintain their IT spending this year, according to Enterprise Strategy Group. This includes spending on strengthening cybersecurity (35%), improving customer service (32%) and improving data analytics for real-time business intelligence and customer insight (30%).

Budget 363

Budget Artificial Inteligence Technical Review VR 363

Altexsoft

DECEMBER 9, 2020

Still, today, according to Deloitte research, insight-driven companies are fewer than those not using an analytical approach to decision-making, even though the majority agrees on its importance. What is analytics maturity model? They also serve as a guide in the analytics transformation process. Stages of analytics maturity.

Analytics 102

Analytics Technical Review Technology Applications 102

CIO

FEBRUARY 23, 2024

We have to constantly reshuffle the deck and as an IT organization be able to stay at least one step ahead of where the company is going.” There are many digital business initiatives under way, including IT service management and even entering the insurance business for recurring revenue, Brizendine says.

Generative AI 306

Generative AI Innovation Automotive Technical Review 306

Dataiku

MAY 25, 2022

The health insurance industry dates back to World War II so, as expected, a lot has changed since then. Today, many dated health insurance processes are facing the pressure of a changing market. Malakoff Humanis is one of the health insurance companies embracing this new digital age.

Analytics 59

Analytics Insurance Industry Marketing 59

Dataiku

JULY 6, 2023

Like many organizations, multinational insurance company Aviva has a lot of IT assets, processes, and support teams to manage, and they are always looking for ways to streamline their operations and improve efficiency — and do so at a rapid pace.

Analytics 59

Analytics Insurance Engineering Tools 59

CIO

OCTOBER 13, 2022

The Eurovision Song Contest, by the way, is the world’s largest live music event, organized each year in May by the local organizer and the European Broadcasting Union. Venue organizers can use the app to safeguard employees and visitors through proactive crowd management. So, how does it work?

Social 232

Social 3D Analytics Innovation 232